Dogecoin Price Hits $0.14 on Top Exchanges (DOGE)

Dogecoin (DOGE) traded down 4% against the US dollar during the twenty-four hour period ending at 20:00 PM ET on May 8th. One Dogecoin coin can currently be bought for approximately $0.14 or 0.00000235 BTC on exchanges. Over the last week, Dogecoin has traded 12.3% higher against the US dollar. Dogecoin has a total market cap of $20.81 billion and $1.15 billion worth of Dogecoin was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Litecoin (LTC) traded up 1.5% against the dollar and now trades at $81.79 or 0.00133335 BTC.
• UNUS SED LEO (LEO) traded up 1.4% against the dollar and now trades at $5.93 or 0.00009669 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded down 2.2% against the dollar and now trades at $4.30 or 0.00015776 BTC.
• DEI (DEI) traded 1.7% higher against the dollar and now trades at $0.0185 or 0.00000030 BTC.
• Polymath (POLY) traded down 17.4% against the dollar and now trades at $0.0749 or 0.00000122 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• EAC (EAC) traded flat against the dollar and now trades at $0.0011 or 0.00000004 BTC.

About Dogecoin

Dogecoin is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on December 6th, 2013. Dogecoin’s total supply is 144,211,766,384 coins. The Reddit community for Dogecoin is https://reddit.com/r/dogecoin and the currency’s Github account can be viewed here. Dogecoin’s official website is dogecoin.com. Dogecoin’s official Twitter account is @dogecoin and its Facebook page is accessible here.

According to CryptoCompare, “Dogecoin (DOGE) is a cryptocurrency that was created in 2013 inspired by the Shiba Inu dog meme. It uses underlying technology from Litecoin and has a large circulating supply of 132 billion DOGE. It was initially created as a joke but has gained value due to supply and demand, and has been accepted by large retailers such as Tesla as a payment method. It was created by Jackson Palmer and Billy Markus and uses Litecoin’s Scrypt mining algorithm and is a Proof-of-Work cryptocurrency that can be merged mined with Litecoin. The value of DOGE has increased due to speculation about its potential adoption by products and services from companies owned by Elon Musk, such as Tesla and Twitter.”

Dogecoin Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Dogecoin directly using US dollars. Investors seeking to trade Dogecoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dogecoin using one of the aforementioned exchanges.

DOGE/USD price chart by TradingView